Climate Impact and Purus Marine Partner to Revolutionize Renewable Hydrogen Supply Chain
Key Ideas
- Climate Impact Corporation and Purus Marine have signed an MOU to create a net-zero shipping pathway for renewable hydrogen fuels, marking a significant advancement in sustainable energy.
- The partnership aims to facilitate global transport of affordable, sustainable, and reliable renewable hydrogen, supporting the development of large-scale projects in Australia.
- By combining CIC's renewable hydrogen technology with Purus Marine's low-carbon shipping capabilities, the collaboration promises to offer one of the most sustainable fuel options in the market.
- Both companies emphasize the importance of affordability in their approach, with a target price of US$2/kg for renewable hydrogen while ensuring net-zero operations through innovative shipping solutions.
Climate Impact Corporation (CIC), a renewable hydrogen developer, has entered into an agreement with Purus Marine to revolutionize the supply chain for renewable hydrogen fuels. This partnership signifies a crucial step towards achieving a fully net-zero shipping pathway for CIC's hydrogen products. The collaboration aims to enable the worldwide transportation of renewable hydrogen produced by CIC's modular solution, which is focused on delivering cost-effective, eco-friendly, and dependable energy. With established hydrogen demand in Asia-Pacific and Europe backing CIC's 10GW projects in Australia, teaming up with Purus Marine's eco-conscious shipping expertise could position these fuels as among the most sustainable options available, operating at net-zero levels when considering carbon offsetting. Chairman David Green of CIC emphasized the significance of this agreement in meeting the energy and derivatives customers' aspirations for a truly green hydrogen product that accounts for transport emissions. The focus on affordability is at the core of both partners' strategies, with a shared goal of achieving a competitive price of US$2/kg for renewable hydrogen. By leveraging Purus' innovations in sustainable shipping alongside CIC's scalable technologies, the partnership is poised to maintain this cost-effective approach while advancing sustainability in the hydrogen market. This collaboration underscores a commitment to addressing climate impact through innovative solutions in the renewable energy sector.